Carriera Regan

Recent Closings

A sampling of our recent closings.

MULTIFAMILY

Villas at Country Square

Villas at Country Square & Candlewood I Apt.
Tampa, FL
$8,150,000

Listing Agents: Francesco CarrieraMichael Regan

Selling Agents: Francesco CarrieraMichael Regan

                                

  • Two Property Portfolio, Each Parcel 2.0 Miles Apartment From the Other
  • Well-Constructed in 1981 and 1983
  • Washer/Dryer Connections in All One and Two-Bedroom Units
  • Private Fenced-In Patios with All Units
  • Significant Capital Improvements Performed at Both Properties

Villas at Country Square Apartments is a 146-unit multifamily community which consists of 21 one-story residential buildings. The buildings are comprised of 22 studio apartments with 286 rentable square feet, 103 one-bedroom/one-bathroom units with 576 rentable square feet, 15 two-bedroom/one-bathroom units with 864 rentable square feet and six, two-bedroom/two-bathroom units with 864 rentable square feet. All units have individual heating and air-conditioning and the buildings sit on an approximately 4.46 acre parcel of land. Amenities include washer/dryer connections in all one and two-bedroom units, two on-site laundry facilities, private fenced-in patios with all units and an on-site leasing office.

Candlewood I Apartments is a 63-unit multifamily community which consists of eight one-story residential buildings. The buildings are comprised of 11 studio apartments with 288 rentable square feet, 45 one-bedroom/one-bathroom units with 576 rentable square feet and 7 two-bedroom/one-bathroom units with 864 rentable square feet.

Jasmine Homes

Jasmine Homes
Lakeland, FL
$5,450,000

Listing Agents: Michael DonaldsonNicholas Meoli

Selling Agents: Michael DonaldsonNicholas Meoli

  • 76 Percent Two-Bedroom Unit Floorplans
  • Desirable Concrete Block Construction
  • Minutes to Interstate-4 Connecting Lakeland to Tampa and Orlando, as Well as the Area’s Largest Employers
  • Competitive Amenity Package with Swimming Pool, Fitness Center, Clubhouse, Tennis, and Racquetball Courts
  • Fully Stabilized at 95 Percent Occupancy With the Ability to Increase Rents

Jasmine Homes is a 120-unit garden-style community located in Lakeland, which is within Polk County, Florida. The property is situated on Baird Avenue, near the US-98 and Griffin Avenue intersection, which has a combined average traffic count of over 60,000 cars daily, and offers connectivity to primary arteries including Interstate-4 and Lakeland Hills Boulevard. Interstate-4, which is located less than a mile northwest of the property, provides ease of commute to Tampa, Orlando, and Daytona Beach.

 

HOTEL

Rodeway Inn

Rodeway Inn Thomasville
Thomasville, GA
$800,000

Listing Agents: Jonathan S. RupraiDennis Hopper

Selling Agents: Jonathan S. RupraiDennis Hopper, GA Broker of Record, Michael J. Fasano

  • 90-Room, Exterior Corridor Rodeway Inn
  • 1987 Construction
  • Converted to a Rodeway Inn in March 2014
  • High Visibility from US Highway 19
  • Within Close Proximity to Multiple Demand Generators

The Rodeway Inn Thomasville is a two-story, 90 room exterior corridor, limited-service hotel located in Thomasville, Georgia. The property was built in 1987 and remains in good condition due to an ongoing capital improvement plan. On-site amenities include complimentary high-speed wireless internet, outdoor pool, guest laundry, complimentary breakfast, business center, fitness center, refrigerators, and microwaves.

The property was converted from a Comfort Inn to a Rodeway in March 2014 and has been operating as such since. In total, the subject property has approximately 96 rooms. Currently, 70 rooms are open as the Rodeway Inn and two additional rooms are being used for an exercise room and guest laundry room. Of the other 24 rooms, four are being used as storage and are not furnished; 11 rooms are completely furnished and would need minor maintenance to make available to guests, and the final 9 rooms are in need of additional repairs, including the air-conditioning units.

Best Western Plus Madison Inn

Best Western Plus Madison Inn
Madison, FL
$3,150,000

Listing Agents: Jonathan S. Ruprai, Dennis Hopper

Selling Agents: Jonathan S. Ruprai, Dennis Hopper

  • 58-Room, Three-Story, Interior Corridor Best Western Plus
  • 1996 Construction – Originally Constructed as a Holiday Inn Express
  • Completely Renovated in 2010
  • Qualifies for Best Western’s Automatic Transfer – Minimal PIP Requirement
  • Ideal for an Owner/Operator
  • Absentee Ownership
  • Actual 2013 Room Revenue of $1,116,623

The Best Western Plus is a three-story, 58-room, interior corridor limited service hotel located in Madison, Florida. The hotel was constructed in 1996 as a Holiday Inn Express and underwent a thorough renovation in 2010, becoming a Best Western Plus in mid-February of 2011. Since the conversion, revenue has increased year over year.

The subject property is situated directly off of I-10 near I-75, and only a short drive from Tallahassee, FSU, Florida A & M University, North Florida Community College and Jacksonville. It is located against the Georgia border just south of Valdosta. Kayak tours, nature trails, and scuba diving trips are all available less than 25 miles away at Lafayette Blue Springs State Park.

 

SELF STORAGE

Wellington Self Storage

Wellington Self Storage
Lake Worth, FL
$11,400,000

Listing Agents: Michael A. Mele

Selling Agents: Michael A. Mele

                      

  • Meticulously Maintained Institutional Quality Facility
  • 6.20 Percent Capitalization Rate at End of Year One
  • Economic Occupancy Rate Below Market Average – Indicating Room to Grow
  • Ideally Located and Highly Visible With Traffic Counts of 38,000 Vehicle Per Day on Highway 441
  • 643-Units For a Total of 71,657 Net Rentable Square Feet
  • Only 140 MPH Hurricane Rated Facility Available in the Wellington and Lake Worth Area

Wellington Self Storage represents a self-storage investment opportunity with all of the elements that one would look for: substantial upside potential, high density residential location on a main thoroughfare with excellent accessibility, excellent demographics, growing population, and a state of the art facility. The property is located at 5359 State Road 7 in Lake Worth, Florida. The facility is situated on approximately 4.56 acres. Constructed in 2003, the asset consists of 643-units for a total of 71,657 net rentable square feet.

Fair Mini Storage

Fair Mini Storage
Pensacola, FL
$1,000,000

Listing Agents: Michael A. Mele

Selling Agents: Michael A. Mele

  • Below Replacement Cost with Upside Potential
  • Current Cap of 8.04 Percent and a Proforma Cap Rate of 10.87 Percent
  • REO Sale – Price Recently Reduced
  • Population of Over 113,000 in a Five-Mile Radius
  • Clean and Well Maintained Facility
  • Well Located Facility with Upward Trend of Recent Growth
  • Ten Minutes From Downtown Pensacola
  • Growing Area with 7.26 Percent Growth Since 2000

Fair Mini Storage presents a great opportunity to invest in a cash-flowing self-storage facility with great upside potential, located in the panhandle of Florida. This facility consists of 327 units for a total of 37,325 net rentable square feet. Units range in size from 50 square feet to 300 square feet and the facility is 34 percent climate-controlled. The premises are secured by an electronic gate with keypad access and the site’s perimeter is fully fenced. Additional security is provided by on-site lighting and surveillance cameras. The facility offers roll up doors and wide driveways for easy drive-up unit accessibility. Fair Mini Storage is currently 68 percent physically occupied and 66 percent economically occupied, indicating that additional revenue can be realized by raising occupancy rates to market standards.

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